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Red Hat, Inc. Message Board

  • hajara25 hajara25 Dec 19, 2011 4:24 PM Flag

    JP Morgan sees RHT at $32 or less

    Red Hat Inc. (RHT) uses a simple calculation of billings proxy that, in the view of J.P. Morgan, exaggerates its business momentum whereas an annualized billings analysis is better because it would show investors where the company actually stands. With the upcoming subscription renewals, the Sales & Marketing team will be paid high commissions, leading to a loss of leverage in that sector. Currently, the company is trading at $50.55 which is expected to go south of $32 by the end of 2012. Market capitalization is $9.75 billion and earnings per share of $0.83 may rise in the upcoming year but the valuation (P/E) will come off.

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